Singapore’s Central Bank Launching ‘Live’ Trials for Wholesale Digital Currency

Singapore's Central Bank Launching 'Live' Trials for Wholesale Digital Currency

The Monetary Authority of Singapore (MAS) has announced the initiation of “live” trials for a central bank digital currency (CBDC) specifically for wholesale settlements. This move is part of a broader initiative to expand trials in asset tokenization and establish the necessary infrastructure for a digital Singapore dollar. The Orchid Blueprint by MAS outlines the […]

Project Mariana: Final Report Confirms Successful Cross-Border Trading Of Wholesale Central Bank Digital Currencies (wCBDC)

Project Mariana: Final Report Confirms Successful Cross-Border Trading Of Wholesale Central Bank Digital Currencies (wCBDC)

The Bank for International Settlements (BIS) in collaboration with the central banks of France, Singapore, and Switzerland has successfully trialed cross-border transactions using wholesale central bank digital currencies (wCBDC). This was revealed in a report released on Thursday. You can download it here. Under the banner of Project Mariana, a prototype was developed using simulated […]

Singapore Unveils Regulatory Framework for Single-Currency Stablecoins

Singapore Unveils Regulatory Framework for Single-Currency Stablecoins

In a move aimed at fortifying the stability of single-currency stablecoins, Singapore’s central bank has introduced a comprehensive regulatory framework. According to the Monetary Authority of Singapore (MAS), the framework will be applicable to non-bank entities that issue single-currency stablecoins tied to either the Singapore Dollar or any of the G10 currencies. This will come […]

CBDCs on the horizon: The current state of CBDC initiatives around the world

CBDCs on the horizon: The current state of CBDC initiatives around the world

Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]

Successful testing paves way for CBDC use cross-border

Successful testing paves way for CBDC use cross-border

Source: Swift Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, […]

The State of Global CBDC Adoption with Darrell Duffie

The State of Global CBDC Adoption with Darrell Duffie

Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways.  There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]

MAS and the NY Fed join forces for wholesale CBDC experiment

MAS and the NY Fed join forces for wholesale CBDC experiment

Source: The Banker The Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) are collaborating in a project to examine the use of wholesale central bank digital currencies, or wCBDCs, for cross-border payments. The joint experiment, called ‘Project Cedar Phase II x Ubin+’, is a combination of the respective wCBDC initiatives […]

MAS Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs

MAS Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs

Source: Monetary Authority of Singapore (MAS) The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC).  Ubin+ will focus on the following: As part of Ubin+, the following projects will be undertaken with international partners: 

BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols

BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols

Source: BIS The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. It will seek to examine the potential […]

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